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Davidson Corporation's Statement of Financial Position as of December 31, 2021 reflects the following balances: ASSETS Cash ------------------------------- $ 15 Accounts Receivable ------- 515 Inventories
Davidson Corporation's Statement of Financial Position as of December 31, 2021 reflects the following balances:
ASSETS
Cash ------------------------------- $ 15
Accounts Receivable ------- 515
Inventories ---------------------- 880
Net PPE -------------------------- 2,590
LIABILITIES AND EQUITY
Accounts Payable ----------- $ 400
Notes Payable (current) -- 220
Long Term bonds ----------- 1,520
Preferred Stocks ------------- 80
Common Stocks ------------- 260
Retained Earnings ---------- 1,520
How much is the total assets of the corporation?
ASSETS
Cash ------------------------------- $ 15
Accounts Receivable ------- 515
Inventories ---------------------- 880
Net PPE -------------------------- 2,590
LIABILITIES AND EQUITY
Accounts Payable ----------- $ 400
Notes Payable (current) -- 220
Long Term bonds ----------- 1,520
Preferred Stocks ------------- 80
Common Stocks ------------- 260
Retained Earnings ---------- 1,520
How much is the total assets of the corporation?
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
